Overview

Sterling Bancorp

Information by Research Trustfinance

https://www.sterlingbank.com

Sterling Bancorp, Inc. operated as the holding company for Sterling Bank and Trust, FSB, a community bank headquartered in Southfield, Michigan. The bank was primarily engaged in originating residential mortgage loans and providing personal and business banking services through its branches in California, New York, Michigan, and Washington. The company's history is marked by a significant scandal involving its "Advantage Loan Program," which led to a U.S. Department of Justice investigation, a guilty plea from the bank for bank and mortgage fraud, substantial fines, and the eventual bankruptcy and dissolution of the holding company in 2022.

Founded in
United States

United States


Industry

    Financial

  • BankingPRIMARY
  • Other Service